244 Shares in Fiserv, Inc. (NYSE:FI) Purchased by Midwest Capital Advisors LLC

Midwest Capital Advisors LLC acquired a new stake in shares of Fiserv, Inc. (NYSE:FI) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 244 shares of the business services provider’s stock, valued at approximately $50,000.

A number of other institutional investors and hedge funds have also bought and sold shares of FI. Valley National Advisers Inc. bought a new stake in shares of Fiserv in the 4th quarter worth $29,000. Marshall Investment Management LLC purchased a new stake in shares of Fiserv during the fourth quarter valued at $29,000. Compass Financial Services Inc bought a new stake in Fiserv in the 4th quarter worth about $31,000. Kennebec Savings Bank purchased a new position in Fiserv in the 3rd quarter worth about $40,000. Finally, Friedenthal Financial bought a new position in Fiserv during the 4th quarter valued at about $49,000. 90.98% of the stock is currently owned by institutional investors.

Fiserv Stock Down 0.8 %

FI opened at $232.47 on Monday. The stock has a market cap of $132.26 billion, a price-to-earnings ratio of 43.13, a price-to-earnings-growth ratio of 1.52 and a beta of 0.94. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.06. The firm’s fifty day moving average is $213.81 and its 200 day moving average is $198.86. Fiserv, Inc. has a fifty-two week low of $145.98 and a fifty-two week high of $237.99.

Fiserv (NYSE:FI) last announced its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 EPS for the quarter, beating the consensus estimate of $2.48 by $0.03. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. On average, sell-side analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Fiserv announced that its Board of Directors has initiated a stock buyback program on Thursday, February 20th that permits the company to repurchase 60,000,000 outstanding shares. This repurchase authorization permits the business services provider to repurchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

FI has been the subject of a number of research analyst reports. Morgan Stanley lifted their price target on shares of Fiserv from $258.00 to $267.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Wells Fargo & Company lifted their target price on shares of Fiserv from $240.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Susquehanna boosted their target price on shares of Fiserv from $230.00 to $270.00 and gave the company a “positive” rating in a research note on Monday, February 10th. KeyCorp raised their price target on Fiserv from $250.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Finally, BMO Capital Markets upped their price objective on Fiserv from $233.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Two research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $239.83.

Insider Buying and Selling

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of Fiserv stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $235.55, for a total value of $10,599,750.00. Following the sale, the chief operating officer now directly owns 227,711 shares in the company, valued at approximately $53,637,326.05. The trade was a 16.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.75% of the stock is owned by insiders.

Fiserv Company Profile

Fiserv, Inc, together with its subsidiaries, provides payments and financial services technology services in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through Merchant Acceptance, Financial Technology, and Payments and Network segments.